Markets· ★★★· neutral·

Glassnode launches proximity-weighted cost basis signals for BTC and ETH

  • —PSR assigns exponentially decaying weights to 100 cost-basis quantiles based on distance from spot
  • —PSI = PS/(PS+PR); readings above 0.5 mean more proximity-weighted supply sits below spot
  • —In 2023 PSI stabilized above 50% in October before BTC rallied into the low $40,000s
  • —Proximity Premium was statistically significant at the 1% level for both BTC and ETH
Why it matters: The framework gives traders a new way to gauge nearby supply and demand levels, though Glassnode frames it as a signal rather than a guarantee of price outcomes.
#BTC#ETH
Source: Blockchain.News
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